This barbeque establishment is located on one of the busiest streets in Central San Antonio and opened its doors in 1983. This business provides a complete barbecue menu cooked in a real pit for all types of meat lovers, ranging from juicy brisket to pork shoulder and chicken leg quarters. The strengths of this business include efficient and personalized service, a clean and family-friendly environment, competitive pricing, and BBQ cooked to proprietary recipes developed and passed down by the original owner. He has passed down the unique flavored 100% mesquite wood recipes as well as recipes for potato salad and other BBQ sides well known to the San Antonio community and tourists that have enjoyed dining at this establishment. Customers can still come into the restaurant for a dine-in experience or take advantage of their delivery service to enjoy their BBQ in the comfort of their own home or office.
The asking price is $200,000 for the business. Included in this price is $50,000 for FFE and $25,000 for tenant improvements. With the lease expiring in August 2024, the new buyer can negotiate incentives for tenant improvements from the landlord in exchange for signing a long-term lease. The space is 1,690 square feet in a strip mall area with plenty of parking space.
The current seller is looking to relocate back to his home country of Australia. With additional marketing and re-starting catering services, this restaurant can increase revenue back to 2021 levels of 425K per year with an SDE of 74K. The restaurant stopped catering during COVID and has not restarted. Catering is a great opportunity to increase both revenue and SDE. This is a great opportunity for an owner-operator to purchase a turnkey business with a lot of untapped potential. Or for another BBQ establishment (i.e., food truck) looking to acquire a presence in this part of town.
